The XTAR fleet uses the hosted payload model. It is run by Loral Space & Communications of New York. Loral Space & Communications Inc., and the Public Pension Investment Board of Canada bought Telesat from BCE Inc. in October 31, 2007, for CAD $3.25 billion; with Loral owning 64 percent of Telesat. it was merged with Loral Skynet and was spun off as a separate subsidiary firm.